Sanctuary Advisors LLC Acquires Shares of 16,272 Mister Car Wash, Inc. (NYSE:MCW)

Sanctuary Advisors LLC bought a new position in Mister Car Wash, Inc. (NYSE:MCW) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,272 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. nVerses Capital LLC bought a new stake in Mister Car Wash during the second quarter worth about $31,000. Ariadne Wealth Management LP bought a new stake in shares of Mister Car Wash in the 2nd quarter worth approximately $73,000. Pallas Capital Advisors LLC purchased a new stake in shares of Mister Car Wash in the 2nd quarter worth approximately $84,000. CIBC Asset Management Inc bought a new position in Mister Car Wash during the 2nd quarter valued at approximately $91,000. Finally, 272 Capital LP purchased a new position in Mister Car Wash during the second quarter valued at $119,000.

Mister Car Wash Trading Down 3.7 %

NYSE:MCW opened at $6.32 on Tuesday. Mister Car Wash, Inc. has a 52 week low of $4.80 and a 52 week high of $9.45. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.98 and a beta of 1.64. The company’s 50 day moving average price is $6.48 and its 200-day moving average price is $6.85. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. The business had revenue of $255.04 million for the quarter, compared to the consensus estimate of $256.65 million. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.